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    1202 Roosevelt Rd Glen Ellyn, IL 60137

    • Restaurants
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Restaurants

    Property Details for 1202 Roosevelt Rd

    Property type
    Restaurants

    Description

    This exceptional Glen Ellyn property, located at 1202 Roosevelt Rd, offers multiple restaurant spaces ideal for a variety of businesses. Situated in DuPage County, Illinois, zip code 60137, this location provides convenient access for customers and employees alike. The property is currently offering two available spaces, with sizes ranging from a minimum of 800 square feet to a maximum contiguous space of 1,520 square feet. A total of 2,320 square feet is currently vacant, presenting a significant opportunity for expansion or multiple tenants. The property is classified as both retail and office space, offering flexibility for various business models. The address is easily accessible and visible from Roosevelt Road, ensuring high visibility for your business. This versatile space is perfect for entrepreneurs seeking a well-located and adaptable commercial property in a thriving community. The property's classification as a restaurant space suggests existing infrastructure suitable for food service operations, though the adaptable nature of the space allows for other retail or office uses. The minimum divisible space of 800 square feet provides an entry point for smaller businesses, while the larger contiguous space of 1,520 square feet caters to businesses requiring more extensive floor plans. This prime location in Glen Ellyn, Illinois offers a unique opportunity to establish or expand your business in a desirable and accessible area. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glen Ellyn
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0297
    Latitude
    41.8602

    Comparable in this City

    • Value Estimation
      $290,000
      1,344 SF

      661 Roosevelt Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,344 SF
      661 Roosevelt Rd, Glen Ellyn, IL 60137-5817
      View Details
    • Value Estimation
      $290,000
      1,620 SF

      Roosevelt Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,620 SF
      Roosevelt Rd, Glen Ellyn, IL 60137
      View Details
    • Value Estimation
      $305,000
      2,159 SF

      22nd N Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,159 SF
      22nd N Ave, Glen Ellyn, IL 60137-3528
      View Details
    • Value Estimation
      $330,000
      2,880 SF

      426 Main St

      RESTAURANT • 2,880 SF
      426 Main St, Glen Ellyn, IL 60137-5102
      View Details
    • Value Estimation
      $420,000
      2,824 SF

      370 Roosevelt Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,824 SF
      370 Roosevelt Rd, Glen Ellyn, IL 60137-5645
      View Details
    • Value Estimation
      $250,000
      0.01 Acres

      479 Pennsylvania Ave

      RESTAURANT • 0.01 Acres
      479 Pennsylvania Ave, Glen Ellyn, IL 60137-4441
      View Details

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      Downtown Glen Ellyn Brewery/Restaurant

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      Glen Ellyn Restaurant - For Sale

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      Glen Ellyn Retail Investment Opportunity

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    Similar Nearby for Lease

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      12,000 SF

      Glen Ellyn Retail Center Investment

      High-traffic, multi-tenant retail center
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    • $28 SF/Yr
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      Glen Ellyn Retail Space Available

      Restaurant & Retail Units, Glen Ellyn, IL
      1184 Roosevelt Rd, Glen Ellyn, IL 60137
      View Details
    • Contact for pricing
      2,700 SF

      Glen Ellyn Retail Space Available

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    • New
      Contact for pricing
      19,602 SF

      Glen Ellyn Restaurant Space

      Second-generation restaurant space with potential for drive-thru.
      1180 Roosevelt Rd, Glen Ellyn, IL 60137
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    • Contact for pricing
      2,893 SF

      Glen Ellyn Retail Opportunity

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      600 Roosevelt Rd, Glen Ellyn, IL 60137
      View Details
    • Contact for pricing
      18,543 SF

      Glen Ellyn Retail Opportunity

      Prime Retail Space, Ground Lease Available
      701-719 Roosevelt Rd, Glen Ellyn, IL 60137
      View Details
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    1202 Roosevelt Rd
    Glen Ellyn, IL 60137
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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